INTLCOMBQ
International Combustion (India) Lt financials
- Market cap
- ₹126 Cr
Quarterly results
Q1 FY27: revenue up 10.1%, net profit down 329.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64 | 83 | 87 | 60 | 75 +18% | 72 −13% | 86 −1% | 66 +10% |
| EBITDA | 3 | 9 | 7 | 1 | 2 −19% | -0 −106% | 3 −54% | -3 −290% |
| Net profit | 0 | 6 | 7 | -1 | 0 −43% | -3 −143% | 1 −84% | -4 −329% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −38.8% 1Y
1Y: ₹803.55 on 10 Sept 2025 → ₹492.05. High ₹831 (22 Sept 2025), low ₹365.7 (27 Mar 2026).
Financials, as filed
Revenue fell 0.6% a year over 2 years, FY24 to FY26. Operating margin narrowed to 2.2%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹297 Cr | ₹293 Cr | ₹293 Cr |
| Operating profit | ₹38 Cr | ₹23 Cr | ₹6 Cr |
| Operating margin | 12.9% | 8.0% | 2.2% |
| Interest | ₹3 Cr | ₹5 Cr | ₹3 Cr |
| Depreciation | ₹5 Cr | ₹6 Cr | ₹7 Cr |
| Net profit | ₹20 Cr | ₹15 Cr | ₹-2 Cr |
| Net margin | 6.7% | 5.1% | -0.8% |
| Cash from operations | ₹6 Cr | ₹12 Cr | ₹23 Cr |
| Free cash flow | ₹-15 Cr | ₹7 Cr | ₹16 Cr |
| ROCE | 26.0% | 12.0% | 0.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹2 Cr |
| Reserves | ₹87 Cr | ₹92 Cr | ₹99 Cr | ₹118 Cr | ₹129 Cr | ₹128 Cr |
| Borrowings | ₹14 Cr | ₹9 Cr | ₹13 Cr | ₹31 Cr | ₹21 Cr | ₹27 Cr |
| Other liabilities | ₹39 Cr | ₹46 Cr | ₹55 Cr | ₹72 Cr | ₹69 Cr | ₹76 Cr |
| Total liabilities | ₹142 Cr | ₹149 Cr | ₹169 Cr | ₹223 Cr | ₹221 Cr | ₹234 Cr |
| Fixed assets | ₹42 Cr | ₹39 Cr | ₹39 Cr | ₹57 Cr | ₹59 Cr | ₹59 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹3 Cr | ₹1 Cr | ₹1 Cr |
| Investments | ₹15 Cr | ₹11 Cr | ₹11 Cr | ₹9 Cr | ₹13 Cr | ₹13 Cr |
| Other assets | ₹86 Cr | ₹98 Cr | ₹115 Cr | ₹154 Cr | ₹149 Cr | ₹162 Cr |
| Total assets | ₹142 Cr | ₹149 Cr | ₹169 Cr | ₹223 Cr | ₹221 Cr | ₹234 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count shrank 9% to 7,697.
- Promoters
- 52.9%
- DIIs
- 0.0%
- Public
- 47.1%
Since Jun 2025
- Public +0.02 pp
- Promoters 0.00 pp
- DIIs 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Dec '23: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '24: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '24: Promoters 52.9%, DIIs 0.6%, Public 46.5%.Sep '24: Promoters 52.9%, DIIs 0.6%, Public 46.5%.Dec '24: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Sep '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Dec '25: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Mar '26: Promoters 52.9%, DIIs 0.0%, Public 47.1%.Jun '26: Promoters 52.9%, DIIs 0.0%, Public 47.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Investor Education And Protection Fund Authority - 2 newly disclosed 1.56% held
- Popatlal Punamchand Shah +0.16 pp 1.50% held
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of International Combustion (India) Lt above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Tradelink Securities Limited | 14.38% | unchanged |
| Stephen Court Ltd. | 11.68% | unchanged |
| Woolworth Merchandise Pvt Ltd | 7.14% | unchanged |
| Primestar Exim Pvt. Ltd. | 3.85% | unchanged |
| Mahadeo Jute And Industries Ltd. | 3.59% | unchanged |
| Amulyanidhi India Ltd. | 3.43% | unchanged |
| Amravati Eximp Limited | 2.61% | unchanged |
| Sanjay Bagaria | 1.92% | unchanged |
| Purnima Bagaria | 1.66% | unchanged |
| Investor Education And Protection Fund Authority - 2 | 1.56% | newly disclosed |
| Popatlal Punamchand Shah | 1.50% | +0.16 pp |
| Shiva Prasad Bagaria | 1.14% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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